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Apellis Pharmaceuticals, Inc.（APLS）与Granite Ridge Resources, Inc.（GRNT）财务数据对比。点击上方公司名可切换其他公司
Apellis Pharmaceuticals, Inc.的季度营收约是Granite Ridge Resources, Inc.的1.9倍（$199.9M vs $105.5M），Granite Ridge Resources, Inc.同比增速更快（-0.8% vs -5.9%），过去两年Granite Ridge Resources, Inc.的营收复合增速更高（8.9% vs 7.7%）
Apellis Pharmaceuticals是一家临床阶段生物制药企业，专注于开发调节补体系统的靶向疗法，适应症覆盖年龄相关性黄斑变性继发地图样萎缩等眼科疾病、罕见血液病及自身免疫性疾病，核心市场为美国及欧盟地区。
Granite Ridge Resources, Inc.是一家独立上游能源企业，专注于石油、天然气及天然气凝析液的勘探、开发与生产，核心业务布局美国本土陆上低成本优质油气产区，主要服务北美能源市场。
APLS vs GRNT — 直观对比
营收规模更大
APLS
是对方的1.9倍
$105.5M
营收增速更快
GRNT
高出5.2%
-5.9%
两年增速更快
GRNT
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.9M | $105.5M |
| 净利润 | $-59.0M | — |
| 毛利率 | — | — |
| 营业利润率 | -25.6% | -34.5% |
| 净利率 | -29.5% | — |
| 营收同比 | -5.9% | -0.8% |
| 净利润同比 | -62.2% | — |
| 每股收益（稀释后） | $-0.40 | $-0.19 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APLSGRNT
| Q4 25 | $199.9M | $105.5M | ||
| Q3 25 | $458.6M | $112.7M | ||
| Q2 25 | $178.5M | $109.2M | ||
| Q1 25 | $166.8M | $122.9M | ||
| Q4 24 | $212.5M | $106.3M | ||
| Q3 24 | $196.8M | $94.1M | ||
| Q2 24 | $199.7M | $90.7M | ||
| Q1 24 | $172.3M | $89.0M |
净利润APLSGRNT
| Q4 25 | $-59.0M | — | ||
| Q3 25 | $215.7M | $14.5M | ||
| Q2 25 | $-42.2M | $25.1M | ||
| Q1 25 | $-92.2M | $9.8M | ||
| Q4 24 | $-36.4M | — | ||
| Q3 24 | $-57.4M | $9.1M | ||
| Q2 24 | $-37.7M | $5.1M | ||
| Q1 24 | $-66.4M | $16.2M |
营业利润率APLSGRNT
| Q4 25 | -25.6% | -34.5% | ||
| Q3 25 | 48.7% | 17.4% | ||
| Q2 25 | -18.6% | 19.0% | ||
| Q1 25 | -50.0% | 34.6% | ||
| Q4 24 | -12.3% | -6.5% | ||
| Q3 24 | -24.0% | 26.2% | ||
| Q2 24 | -14.7% | 24.1% | ||
| Q1 24 | -36.0% | 22.0% |
净利率APLSGRNT
| Q4 25 | -29.5% | — | ||
| Q3 25 | 47.0% | 12.9% | ||
| Q2 25 | -23.6% | 23.0% | ||
| Q1 25 | -55.3% | 8.0% | ||
| Q4 24 | -17.1% | — | ||
| Q3 24 | -29.2% | 9.6% | ||
| Q2 24 | -18.9% | 5.6% | ||
| Q1 24 | -38.5% | 18.2% |
每股收益（稀释后）APLSGRNT
| Q4 25 | $-0.40 | $-0.19 | ||
| Q3 25 | $1.67 | $0.11 | ||
| Q2 25 | $-0.33 | $0.19 | ||
| Q1 25 | $-0.74 | $0.07 | ||
| Q4 24 | $-0.30 | $-0.09 | ||
| Q3 24 | $-0.46 | $0.07 | ||
| Q2 24 | $-0.30 | $0.04 | ||
| Q1 24 | $-0.54 | $0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $466.2M | — |
| 总债务越低越好 | — | $367.8M |
| 股东权益账面价值 | $370.1M | $605.8M |
| 总资产 | $1.1B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资APLSGRNT
| Q4 25 | $466.2M | — | ||
| Q3 25 | $479.2M | — | ||
| Q2 25 | $370.0M | — | ||
| Q1 25 | $358.4M | — | ||
| Q4 24 | $411.3M | — | ||
| Q3 24 | $396.9M | — | ||
| Q2 24 | $360.1M | — | ||
| Q1 24 | $325.9M | — |
总债务APLSGRNT
| Q4 25 | — | $367.8M | ||
| Q3 25 | — | $300.0M | ||
| Q2 25 | — | $275.0M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | — | $205.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $93.1M | $137.5M |
股东权益APLSGRNT
| Q4 25 | $370.1M | $605.8M | ||
| Q3 25 | $401.2M | $643.9M | ||
| Q2 25 | $156.3M | $642.5M | ||
| Q1 25 | $164.2M | $631.4M | ||
| Q4 24 | $228.5M | $635.4M | ||
| Q3 24 | $237.1M | $660.6M | ||
| Q2 24 | $264.3M | $665.3M | ||
| Q1 24 | $266.7M | $674.0M |
总资产APLSGRNT
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $821.4M | $1.1B | ||
| Q1 25 | $807.3M | $1.1B | ||
| Q4 24 | $885.1M | $1.0B | ||
| Q3 24 | $901.9M | $1.0B | ||
| Q2 24 | $904.5M | $990.5M | ||
| Q1 24 | $831.9M | $966.7M |
负债/权益比APLSGRNT
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.35× | 0.20× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-14.2M | $64.5M |
| 自由现金流经营现金流 - 资本支出 | $-14.3M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $45.0M | — |
8季度趋势，按日历期对齐
经营现金流APLSGRNT
| Q4 25 | $-14.2M | $64.5M | ||
| Q3 25 | $108.5M | $77.8M | ||
| Q2 25 | $4.4M | $78.0M | ||
| Q1 25 | $-53.4M | $76.1M | ||
| Q4 24 | $19.4M | $68.2M | ||
| Q3 24 | $34.1M | $74.7M | ||
| Q2 24 | $-8.3M | $64.2M | ||
| Q1 24 | $-133.0M | $68.7M |
自由现金流APLSGRNT
| Q4 25 | $-14.3M | — | ||
| Q3 25 | $108.3M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $-53.4M | — | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-8.4M | — | ||
| Q1 24 | $-133.3M | — |
自由现金流率APLSGRNT
| Q4 25 | -7.1% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | -32.0% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.2% | — | ||
| Q1 24 | -77.3% | — |
资本支出强度APLSGRNT
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.2% | — |
现金转化率APLSGRNT
| Q4 25 | — | — | ||
| Q3 25 | 0.50× | 5.36× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 7.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.25× | ||
| Q2 24 | — | 12.58× | ||
| Q1 24 | — | 4.23× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APLS
| Syfovre | $155.2M | 78% |
| Empaveli Pegcetacoplan | $35.1M | 18% |
| Licensing And Other Revenue | $9.6M | 5% |
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
